I think this thread is overdue now, as Fernando Torres alone has been transferred twice already and before the window has even officially opened too (from Chelsea to Milan and then from Milan to Athletico Madrid).
First story for the thread - courtesy of the Daily Mirror - Fabian Delph will leave Aston Villa in this window for either Liverpool or Tottenham.
Transfer rumours*
Clare Richards to RLC - Cali Garcia to Storm - Goldie Lox to Studio66 - Candy Charms to Man Utd (they could use her ball control in the midfield)
I may have got this thread wrong........ 
*Totally made up
Electra to BS
Lacey Lorenzo to BS
Yasmine James to BS on a pre contract deal
Tori Lee to S66 in a big money move
Goalkeeper Mark Schwarzer moves to Leicester City with great praise from Jose Mourinho for his time at Chelsea.
Jonjo Shelvey about to leave Swansea and sign for West Ham.
Rumours that Yohan Cabaye may be returning to Newcastle.
Lukas Podolski has moved from Arsenal to Inter Milan on loan for the remainder of the season.
Liverpool to sign a goalkeeper who can catch a cross!
Saido Berahino linked with Liverpool and Tottenham and because he would like this to happen he refused to celebrate his goals at the weekend. As West Brom have said he's not leaving in this window he decided to make a point by not celebrating.
Manchester City are set to sign Wilfried Bony after opening talks with Swansea over a £30 million deal for the Ivory Coast striker. Both clubs confirmed on Tuesday that negotiations are under way.
Goalkeeper Victor Valdes to Man Utd. Seems a strange move for him, but he was without a club.